Fuel allocation to be increased in Sri Lanka next month

Kanchana Wijesekera

The Power and Energy Minister of Sri Lanka, Kanchana Wijesekera, recently announced that the country's fuel allocation will be increased in the coming month. In a tweet, he stated that he had reviewed the fuel cargo transport plan and distribution with the Sri Lanka Petroleum Corporation (CPC) for the next six months. The minister also discussed various aspects of the fuel industry, including import schemes, refinery operations, QR allocations, storage capacity, and contracts with petrol stations.

The fuel allocation increase is good news for Sri Lankan citizens who have been struggling with high fuel prices due to increasing global oil prices. With the government's efforts to increase fuel allocation, it is hoped that the prices will stabilize, providing relief to the citizens who have been facing the brunt of the economic burden.

The review of the fuel industry by the Ministry of Power and Energy indicates the government's commitment to ensuring a stable and reliable energy supply in the country. This move is expected to boost the country's economic growth by reducing the cost of doing business and promoting investment in the energy sector. Overall, the increased fuel allocation is a positive development for Sri Lanka's energy industry and the country as a whole.